Aug 20- The U.S. attorney's office in Los Angeles is preparing a lawsuit against Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, and up to 10 other employees, Bloomberg reported, citing two people with knowledge of the matter.» Read More
Veteran financial analyst Dick Bove, with Rochdale Securities, sent out a research report Monday morning calling the SEC’s case against Goldman Sachs weak, but says the events of Friday could be setting the stage for another financial system collapse.
Here, we present the top 10 class-action lawsuits in the United States either won, settled or pending, and in terms of damages sought as compiled by LawInfo.com.
New York Attorney General Andrew Cuomo confirmed his office is investigating former Obama administration auto industry advisor Steven Rattner, in a growing probe into illegal kickbacks involving the state pension fund.
Indicted banker Allen Stanford, who this week switched criminal defense attorneys for the third time, has added a top legal scholar to his defense team.
A federal appeals court ruled on Tuesday that regulators had limited power over Web traffic under current law. The decision will allow Internet service companies to block or slow specific sites and charge video sites like YouTube to deliver their content faster to users. THe New York Times reports.
The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff's Upper East Side penthouse.
Long before Toyota told U.S. regulators about sticking accelerator pedals, the Japanese automaker warned its distributors throughout Europe about similar problems, documents obtained by The Associated Press show.
The federal judge in accused Ponzi schemer Allen Stanford's criminal case says he wants some answers before agreeing to Stanford's request for yet another new legal team.
Victims of the alleged $7 billion Allen Stanford Ponzi scheme may get a greater voice in how what's left of their investments will be divvied up.
A federal judge on Monday struck down patents on two genes linked to breast and ovarian cancer. The decision, if upheld, could throw into doubt the patents covering thousands of human genes and reshape the law of intellectual property. The NYT reports.
How much do you know about one of the biggest business scandals of all time? Take our Enron quiz and find out.
Wall Street hates a level playing field. What it loves is an edge, an inside track, that extra something — especially when it comes to information that moves markets.
A songwriter and music producer who claims he helped launch pop star Lady Gaga says she squeezed him out of her lucrative career after he co-wrote some of her songs, came up with her stage name and helped get her record deal.
While Alabama and Milan are rarely mentioned in the same breath, both locations now share something: they are making bankers nervous.
If there is a protracted battle on any nominee or if any nominee is withdrawn after they are proposed, the process has the potential to wipe out most of the summer and part of the fall. This would leave little time to pass any meaningful legislation before Congress adjourns before the mid-term elections.
Family members of admitted fraudster Bernard Madoff have insisted that they, too, are victims of the historic Ponzi scheme, and moved late Monday to dismiss a civil complaint alleging that they helped facilitate the fraud.
A television producer has pleaded guilty to trying to shake down David Letterman over the comic's sexual affairs.
The Justice Department is looking into whether hedge funds worked together to drive down the value of the euro, according to a report Wednesday in The Wall Street Journal.
My CNBC colleague Mary Thompson recently interviewed Harry Markopolos who for nearly ten years; tried, and failed, to alert regulators and investors of Bernie Madoff's $65 billion dollar Ponzi scheme.
Ever since his 1996 Toyota Camry shot up an interstate ramp, plowing into the back of an Oldsmobile in a horrific crash that killed three people, Koua Fong Lee insisted he had done everything he could to stop the car.